Live updates: Jeff Bezos Blue Origin announcement | CNN Business

Jeff Bezos unveils new plans for Blue Origin spaceflight

Amazon CEO Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019. (Photo by SAUL LOEB / AFP)        (Photo credit should read SAUL LOEB/AFP/Getty Images)
Jeff Bezos unveils his big plans for the moon
00:57 - Source: CNN

What we covered here:

  • Amazon (AMZN) CEO Jeff Bezos has been playing his plans for space pretty close to the vest – until now. Today he announced his intention to go back to the moon – and this time to stay there.
  • Blue Origin just unveiled Blue Moon, a new spacecraft designed to land on the moon.
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ICYMI: Here's how humans might STAY on the moon

Big things start small

Those are the words Bezos used to end his presentation.

To tie it all together, Bezos says space needs much more infrastructure if we’re going to live out there.

Blue Moon is about expanding that infrastructure, and getting us to a point where thousands of entrepreneurs can build their own space businesses.

Blue Origin is building a brand new rocket engine for landing on the moon

It’s called BE-7, and its designed to make all the complicated maneuvers that it takes to safely land on the lunar surface.

Bezos said they’ve been working on the design for three years and could test fire the engine for the first time this summer.

Bezos’ said developing Blue’s New Shepard vehicle answered a lot of questions about how to safely land on the moon. He described the right engine as the final problem.

Blue Moon, the name of Blue’s lunar lander, already has about six customers, Bezos announced. They include academic institutions.

Bezos has a giant lunar lander model

A towering model of Blue Origin’s lunar lander is on stage.

This is a craft designed to land on and bounce back off of the moon’s surface.

The price of admission is too high (right now)

He’s got a plan to fix that, naturally.

Bezos: My rockets will launch on time

Rockets aren’t on time very often. Delays getting things to orbit is an “under-appreciated” problem in the industry.

He added that Blue Origin’s New Glenn rocket is designed to change all that. And it was designed to be reusable because it can bring down launch prices.

The latter point is something Elon Musk’s SpaceX has harped on for a long time – and his company has already been sending its reusable rockets to space and back for years.

Like every other rocket builder currently operating, SpaceX is also known to delay its launches for various reasons, like weather or hardware issues.

Blue Origin is well underway developing on New Glenn, which is expected to launch for the first time in 2021.

Bezos is talking about legitimate space colonies

Bezos is talking about “O’Neill colonies” – an idea proposed decades ago by American physicist Gerard K. O’Neill.

He showed pictures of massive spaceborne structures, hundreds of times larger than the International Space Station, that could contain self-sustaining habitats. With greenery growing, animals of all types and people living and working inside.

Bezos: An energy crisis is unavoidable

All the energy conservation in the world won’t prevent a crisis, Bezos said.

Eventually we’ll reach a point where humans would have to ration.

Bezos wants attendees to be inspired by space

SpaceFlight Now reporter Stephen Clark shared this shot on Twitter:

Bezos says we use lots of energy. Here's where space comes in

Blue Origin founder Jeff Bezos just walked on stage.

The event kicked off with footage of the Apollo moon landings. Now, he’s talking about his passion for space and how the Apollo program inspired him growing up.

He’s also discussing how going to space can solve some of Earth’s problems — namely, energy. Bezos said humans’ energy use is growing at such a rate that we’re bound to run out.

It’s not the first time he’s talked about this issue. Experts say that resources found in space (that are very uncommon on Earth) could help us solve that problem.

The doors are open

The doors are open and a crew of reporters are standing by for Bezos.

Not much is happening right now, but we’ve still got 20 minutes till liftoff.

GeekWire reporter Alan Boyle shared some of the event’s guest list.

CNN Business also spotted Mike Gold, an executive at Maxar that chairs a regulatory and policy committee at NASA.

Bezos dropped some hints about his super-secret announcement

We have no idea what Jeff Bezos will talk about.

Well, we have a clue.

Last week, Blue Origin sent a cryptic tweet with the date of today’s event and a photo of “Endurance,” the ill-fated ship that left explorer Ernest Shackleton and his crew stranded during an expedition to Antarctica in 1915.

A crater on the moon’s south pole is also named for Shackleton, a hint that Bezos will have a lunar focus.

Media invitations to the event said only that Bezos and Blue Origin will give an update on “progress and share our vision of going to space to benefit Earth.”

Spokespeople for Blue Origin declined to share further details.

There are so many billionaires in space

Jeff Bezos, Elon Musk and Richard Branson all started their own space businesses in the early 2000s.

All three billionaires are credited with helping to usher in a new era of spaceflight by pouring money into projects once considered too risky or expensive for the private sector.

Bezos has been relatively low-key about his space endeavors which makes sense, since he’s been busy reinventing retail.

Elon Musk

Elon Musk’s rocket company SpaceX has been at the center of most of the media attention. It has developed cheap, reusable rockets that now regularly haul satellites to orbit. The company also wins high-profile contracts with NASA and the military, and it’s touted bold plans for colonizing Mars.

Richard Branson

The British serial entrepreneur has also wielded his signature showmanship to promote Virgin Galactic, a space tourism venture that hundreds of customers have already lined up for. It could open for business this year.

Bezos’ enormous e-commerce fortune could give Blue Origin a leg up in the billionaire space race. Bezos has said he fills Blue Origin’s coffers by selling about $1 billion worth of his Amazon (AMZN) stock each year. That means the company hasn’t had to worry about courting investors, which gives it a certain amount of freedom compared to its competitors.

Reuters: Bezos is after big-time NASA contracts

Jeff Bezos is expected to lay out plans to help build a base on the moon, according to a new report from Reuters.

If that’s the case, Blue is likely putting on a big event to get NASA’s attention.

The space agency has had its eye on the moon: It’s looking to develop a lunar gateway to aide deep space travel; earlier this year the Trump administration made the bold pledge to send astronauts back to the lunar surface in five years.

NASA also said last month that it’s looking for companies to send in proposals for an “integrated human lunar landing system.” The agency said it wanted to support the “rapid development” the technology.

That might also explain why Blue is holding its big announcement in D.C., which is home to the movers and shakers that help fund NASA.

Bezos is clearly gunning for Space X

Blue Origin hopes to start flying its massive rocket New Glenn in 2021. It’s capable of reaching orbit, which requires speeds topping 33 times the speed of sound and can be used to fire huge satellites into space.

That means it should be able to compete with Elon Musk’s SpaceX, which has been launching satellites for years already.

Jeff Bezos is betting big on space tourism

Blue Origin has built a reusable capsule and rocket system called New Shepard. It’s designed to send tourists on short, scenic trips to the thermosphere.

Blue has flown the vehicle about a dozen times — but never with people on board.

But New Shepard’s first crewed launch could be just a few months away, an executive said during a test launch webcast last week.